The Zakaria Family Foundation is a private foundation established in 2007 in New Jersey and designated as a 501(c)(3) organization. Based in Morristown, NJ, the foundation operates as a grantmaking organization supporting diverse communities across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.3M
-3.1% YoY
Annual Giving
$666K
-0.2% YoY
Grant Count
34
+3.0% YoY
Avg Grant Size
$20K
-3.2% YoY
Mission & Focus Areas
The foundation supports a broad range of philanthropic efforts without specifying particular subject areas. According to available information, the foundation primarily funds:
- Educational support
- Arts and culture
- Environmental protection (public land, clean air, and clean water)
The foundation does not restrict its funding to specific subject areas, indicating a potentially broad philanthropic focus across multiple sectors.
Grantmaking
The foundation typically makes contributions to preselected charitable organizations only.
Grant Range
$10,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across multiple states, with primary concentration in:
- New Jersey
- New York
- Massachusetts
- Maryland
Additional states receiving funding include California, Texas, Florida, Illinois, North Carolina, Pennsylvania, Rhode Island, Tennessee, Virginia, and others. The foundation supports both major urban centers and smaller communities across the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2023:
- Total Assets: $7,558,100
- Total Revenue: $808,988
- Total Expenses: $788,616
- Total Liabilities: $0
- Number of Employees: 0
Historical Asset Growth:
- 2011: $4,800,000
- 2024: $7,300,000
Annual Distribution: The foundation has distributed between $667,000 and $727,000 annually from 2022 to 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,322,112 | $7,558,100 | $7,540,427 |
| Revenue | $568,121 | $808,988 | $774,365 |
| Expenses | $806,431 | $788,616 | $854,661 |
| Qualifying Distributions | $667,199 | $673,805 | $740,761 |
| Net Investment Income | $564,552 | $800,944 | $662,609 |
| Distributable Amount | $804,495 | $675,348 | $683,130 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
201 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Arshad Zakaria — Chairman
- Ann Stock Zakaria — Trustee
- Fareed Zakaria — Trustee
- James Higgins — Secretary
All officers and trustees serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Arshad Zakaria | Chairman | 0.5 | — |
| Ann Stock Zakaria | Trustee | 0.5 | — |
| Fareed Zakaria | Trustee | 0.5 | — |
| James Higgins | Secretary | 0.5 | — |
Contact Information
Address: 62 Elm Street, Morristown, NJ 07960-4399
Phone: 973-599-0900
EIN: 26-1607321
Tax-Exempt Status: IRS ruling year 2008
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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